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What’s the Number One Concern Keeping Hotel Group CIOs Up at Night?

Wallets are a vital cog in the crypto ecosystem — and for newcomers to the space, often serve as a gateway to understanding how digital assets work. A dizzying array of wallet providers currently exist, each with its own specific use cases and specialties. While some focus on , others cater to NFT owners and altcoin devotees. DeFi If you're a developer who is brimming with innovative ideas and plans to address a gap in the market, open-source tools can do a lot of the heavy lifting for you. Here, we're going to explore how you can build robust wallets using frameworks such as . RIF Wallet The Importance of Building Secure and User-Friendly Wallets revealed some of the biggest pain points that wallet users face, as well as the features they crave the most. This intelligence helps expose the shortcomings of products currently on the market, and potential opportunities for entrepreneurs. Recent research Navigating different blockchains, as well as signing up for a wallet, are key contributors to the steep learning curve newcomers must tackle. Consumers also crave the ability to pay for everyday items with ease, with safeguards in place to prevent them from losing their private keys. Instead of being confronted by a long string of letters and numbers when sending funds to other addresses — which increases the risk of costly mistakes — many prefer to interact with wallets with avatars or human-readable nicknames. How To Build a Crypto Wallet Using an Open-Source Framework Developing a crypto wallet is a big responsibility — and security needs to be your number one concern, especially if you're asking users to entrust you with their funds. Thankfully, there's no need to reinvent the wheel when creating new software, as much of the heavy lifting has already been done for you. The benefit of open-source libraries lies in how you can freely use the vital components that make up a crypto wallet — and then make additional customizations on top. Often, these frameworks have been rigorously tested by an expansive community. In other cases, a business may be simply looking for a white-label solution where all that needs to be done is adding the branding, meaning a broader cross-section of customers can experience the power of digital assets for themselves. How To Build a Crypto Wallet With RIF Wallet RIF Wallet is a new open-source framework that's helping developers and entrepreneurs build Bitcoin-focused crypto wallets that tap into a plethora of applications based on Rootstock, the first and longest-lasting EVM-compatible Bitcoin sidechain. It's also designed to help fintech firms and neobanks branch out into digital assets as demand continues to grow, with countless consumers in emerging markets looking to shield their savings from inflation. From remittances to real-world purchases, this infrastructure champions the concept of , where the barriers to entry surrounding decentralized finance are dramatically lowered. And staying true to the recently performed research, end users have the freedom to mint human-readable names. Everyday DeFi To achieve this, an intuitive interface for new users is a top priority. RIF Wallet offers smart contract flexibility by allowing firms with technical know-how to build upon its open-source code. Teams that lack these skills, or need additional support, can also interact with the Rootstock core development team to bring their desired product to fruition. Step 1: Set up the environment RIF Wallet is compatible with Android and iOS alike, and the mobile app has been written using React Native. To start building your own wallet, you'll need to set up React Native on your chosen operating system, whether that's Windows, Mac or Linux. This can be quite a time-consuming process, and you can find further details . here Step 2: Clone and customize Once complete, you can clone the repo and then start running the app. The has the installation instructions, but in a nutshell, you need to: readme file of the rif-wallet repository Get the code Clone the repo using GIT to your local device: git clone git@github.com:rsksmart/rif-wallet.git Install the dependencies Install the JavaScript dependencies with yarn: yarn Once this has completed, it will also run a post-install script that will add functionality that is available in the browser but not in node. You can read more about this from the . package rn-nodify Note that packages such as , , exist in the browser. However, React Native does not run in the browser, but instead in node, therefore, you’ll need to add these packages. crypto browser stream iOS Dependencies If you plan to run the app on an iOS Simulator, you will need to install additional dependencies. Remember, you can only run in an iOS Simulator (or device) from a Mac computer. cd ios
pod install If you are on a Mac with an M1 chip, there should be no changes to the repo. If you are running an ARM chip, this step may change the POD lock file – this is normal. Android Dependencies Android will install the dependencies the first time you run the app so there are no additional steps here. Step 3: Run The final step is to run the app in your iOS simulator or Android emulator. yarn ios
// or
yarn android The first time you launch the app, it might take a bit of time. There are also and scripts, but these are for connecting with a local server. ios:local android:local You should now have the app up and running and can start playing around with it. Three different GitHub repositories make up RIF Wallet — and IOV Labs runs RIF-Wallet-Services so developers can perform necessary tests in a risk-free environment. RIF Wallet is proud to be open-source — and in time, hope the infrastructure will help demystify the process of making crypto transactions for the masses. RIF Wallet boasts a range of exciting and easy-to-implement features that further enhance the user experience — and step by step, we're making decentralized technology available to all. Try the first fully modular wallet for smart contracts.

Developer’s Guide to Building Bitcoin Wallets with Open-Source Frameworks

ওপেন-সোর্স ফ্রেমওয়ার্ক সহ বিটকয়েন ওয়ালেট তৈরির জন্য বিকাশকারীর নির্দেশিকা

Entwicklerhandbuch zum Erstellen von Bitcoin-Wallets mit Open-Source-Frameworks

Guía del desarrollador para crear billeteras Bitcoin con marcos de código abierto

Guide du développeur pour créer des portefeuilles Bitcoin avec des frameworks Open Source

ओपन-सोर्स फ्रेमवर्क के साथ बिटकॉइन वॉलेट बनाने के लिए डेवलपर की मार्गदर्शिका

オープンソース フレームワークを使用してビットコイン ウォレットを構築するための開発者ガイド

오픈 소스 프레임워크를 사용한 비트코인 지갑 구축을 위한 개발자 가이드

Guia do desenvolvedor para construir carteiras Bitcoin com estruturas de código aberto

Руководство разработчика по созданию биткойн-кошельков с использованием платформ с открытым исходным кодом

Açık Kaynak Çerçeveleriyle Bitcoin Cüzdanları Oluşturma Geliştirici Kılavuzu

Hướng dẫn dành cho nhà phát triển để xây dựng ví Bitcoin bằng khung nguồn mở

使用开源框架构建比特币钱包的开发人员指南

Rust out is quickly becoming a big concern for any manager because it is rapidly turning into a workplace epidemic. It starts when a professional becomes dissatisfied with their job, which harms their performance. This happens because they become disengaged and stop caring about their job. Knowing how detrimental it can be, it is better to get ahead of this epidemic’s peak and start dealing with it right now. But before that, we need to understand what causes rusting out. What causes rust out? Lack of challenge Taking on challenging tasks is what keeps things interesting. Without it, work turns into routine. Having the same tasks every day can become a reason for a professional’s boredom. And bored teams are ineffective teams. Task overload As much as the lack of challenge can influence teams’ attitudes, being overloaded with tasks can also harm their mental health. The more tasks a team sees in its backlog, the more likely they are to experience fatigue and then rust or burnout. Meeting fatigue We first started hearing about Zoom fatigue . Today, professionals spend about of their work time in meetings, which can be especially tough on . The result of this abundance of communication? Rusted out teams that get more annoyed when they see another call invitation in their inbox. during the pandemic a third introverts No connection with teammates The remote mode was the reason not only behind the Zoom fatigue, but also behind teammates not being able to connect. Without frequently attending an office and talking face to face, turning a colleague into a workplace buddy is tough. This lack of connection can easily turn into irritation — another sign of rusting out. There are steps that both teams and their managers can take to either deal with rust out or even prevent it altogether. What are the best steps to deal with rusting out? Reassessing current goals If one of the main reasons for rusting out is task overload, then the task board needs to be reassembled and re-prioritized. There are three important questions a professional needs to ask when reassessing their goals: What are the company’s goals? What are my own professional goals? What is the least important task at the moment? Is it urgent? Is it important? Is this an easy task in itself? No. Will this be an immense help for professionals in the long run? Certainly. Mastering the art of reassessing my goals and tasks taught me how to delegate properly and expand my team with the right professionals. Now, I know I can rely on people around me to make sure I do not rust or burn out. Being honest Honesty is among the SupportYourApp values. My team and I added it to the list because we knew — without it as the foundation of our communication, we wouldn’t be able to build anything else. Being able to honestly talk to one’s manager and colleagues, tell them about job-related or even personal worries, and communicate one’s concerns to them is an indispensable thing when it comes to preventing rusting out. It is also a cornerstone of building team communication. Taking on challenging tasks Even though not everyone will agree with me, I’ll say it anyway — taking on challenges is good. Whenever I have a difficult or massive task ahead of me, I feel anxiety and excitement at the same time. Mostly because it means I will be able to face new challenges, learn something new, and resolve some issues I would never have the opportunity to tackle otherwise. A brain that constantly learns something new, like a mechanism, doesn’t even have the opportunity to start rusting out. Connecting with the team Annoyance with one’s team is a direct result of not being able to personally communicate and connect with it. It also plays into the feeling of isolation and detachment that has a big role in the level of professional engagement and job satisfaction. Taking part in team-building activities, joining regular syncs, and networking will help form personal connections. There is no special secret here. If a professional lacks communication, they should communicate. It is as easy as that. Recharging whenever possible Taking breaks to boost productivity and reduce the level of work-related stress. It can also play a big role in preventing rust out because it allows our brain to switch between various activities and remain flexible enough to take on challenging tasks and complete them. has been proven Can rust out become the number one enemy of the modern workplace? Not if we learn to deal with it here and now.

The Epidemic Of Rusting Out: How Do We Deal With It?

THE PARAGRAPH

Hey Hackers, has been nominated in HackerNoon's annual Startup of the Year awards in BVI. GoMining Please vote for us ! here Read more about us below to understand why we deserve your vote. Meet GoMining GoMining is the game-changer in the world of crypto mining! Our mission is to provide people with a simple, affordable, and profitable way to participate in Bitcoin mining through our innovative NFT mining model. With GoMining, anyone can easily purchase NFTs representing miners and enjoy daily Bitcoin payouts directly to their wallets. Gone are the days of inaccessible mining due to high entry costs and complex operations – we are here to make mining a lucrative opportunity for all! What sets GoMining apart is our commitment to democratizing the mining industry. By leveraging NFTs, we have created a user-friendly platform that eliminates the need for expensive equipment and technical expertise. Our seamless interface allows anyone to engage in mining and enjoy the consistent profits that come with it. Our Role As the GoMining team, we are developing and implementing our groundbreaking NFT mining model and utility token, GOMINING Token. As part of our ecosystem, GOMINING offers multiple benefits to users, including discounts when purchasing NFT miners, paying for service and electricity, access to our mining game, and participation in the governance of the GoMining platform based on GOMINING holdings. GOMINING holders have the power to participate in important decisions, such as platform upgrades, fee structures, and new features, giving them a voice and actively shaping the future of Bitcoin mining. Through our tokenomics, we strive to create a community-driven ecosystem that fosters collaboration and ensures the best interests of our users are represented. How We're Improving the Bitcoin Mining Industry At GoMining, we continuously strive to improve the crypto-mining industry by introducing innovative solutions that enhance accessibility and efficiency. In addition to our NFT mining model, we are excited to introduce the Liquid Bitcoin Hashrate Protocol, a groundbreaking development that revolutionizes the mining landscape. With the Liquid Bitcoin Hashrate Protocol, we are introducing a new way to optimize the utilization of mining equipment. This protocol comes with several benefits for participants in the mining ecosystem. It offers an avenue for those who don't own mining equipment to benefit from the mining process by purchasing hashrate tokens. It also enables existing miners to monetize their unused hashrate, reducing idle resources and maximizing profitability. This innovation adds an additional layer of efficiency and accessibility to the mining industry. Our mission is to empower users with the tools and opportunities they need to succeed in the ever-evolving crypto world while making it more accessible and cost-efficient for individuals of all backgrounds to participate in and benefit from the potential of cryptocurrency mining! What Makes Us Stand Out Besides Liquid Bitcoin Hashrate, what sets GoMining apart is our comprehensive ecosystem built around GOMINING Token. With GOMINING, users can access various perks and rewards within our platform. GOMINING grants holders participation in the governance of the GoMining ecosystem. This means GOMINING holders have a voice in important decisions such as platform upgrades, fee structures, and new features. From discounted NFT purchases to bonus payouts and participation in governance decisions, GOMINING holders are at the heart of the GoMining community. Our commitment to providing a seamless interface between humans and digital currencies reinforces our mission to make mining accessible and lucrative for all. Our Thoughts on the Bitcoin Mining Industry in 2023 As a bitcoin mining industry professional, we have evaluated the current state of the crypto and bitcoin mining industry based on various sources. The industry is currently experiencing both challenges and opportunities. One concern raised in discussions is the potential risk faced by medium and small bitcoin miners, particularly due to the increasing electricity costs and the competitiveness of larger mining operations. However, it is important to note that despite a challenging market, bitcoin miners have shown resilience and can navigate through these difficulties. Looking ahead to 2023 and beyond, the profitability of crypto mining will continue to be a significant consideration. The profitability of crypto mining in 2023 raises important points about factors such as the efficiency of mining hardware, electricity costs, and the price of cryptocurrencies. While predicting the exact outcome is challenging, if these factors are managed effectively, and there is continued growth in the adoption of cryptocurrencies, mining can still be profitable. Furthermore, indications of a new bullish cycle in the bitcoin market suggest potential positive changes ahead. Reports of a significant increase in bitcoin's value and gains of up to 70% have provided optimism for the industry. This aligns with the discussion on whether we will witness another Bitcoin bull market in 2023. While no one can predict the future with certainty, the positive sentiment and bullish indicators suggest that there is potential for a price surge in the coming years. The involvement of financial giants is another indication of the increasing interest and legitimacy of Bitcoin mining. Big investments not only contribute to the growth and development of the industry but also signify the confidence and potential opportunities that exist within the crypto-mining space. Why we decided to participate in HackerNoon's Startup of the Year awards We decided to participate in HackerNoon's Startup of the Year Awards because it is an incredible opportunity for GoMining to showcase our groundbreaking NFT mining model and its impact on the crypto mining industry. At GoMining, we are revolutionizing mining by making it more accessible and profitable for individuals. By participating in this event, we have the chance to connect with industry experts, gain exposure, and attract potential investors who are aligned with the values and vision of the Web 3 ecosystem. We are excited to be part of the HackerNoon community and share our innovative approach to mining with a wider audience. Final Thoughts GoMining is the ultimate startup to watch, use, and invest in. With our disruptive NFT mining model, we are revolutionizing the crypto mining industry, making it accessible, user-friendly, and profitable. Our platform is designed with simplicity in mind, ensuring a seamless experience for users of all backgrounds. Through the power of the GOMINING Token, we offer a unique opportunity for investment with the potential for high returns. Join us as we redefine the future of mining, empower individuals to participate, and pave the way for a new era of financial growth. Take advantage of being part of the GoMining success story - it's time to mine and thrive together Gomining is nominated as Startup of the Year in British Virgin Isles, Vote for us today!

How GoMining Democratizes the Mining Industry

কিভাবে GoMining খনির শিল্পকে গণতান্ত্রিক করে তোলে

Wie GoMining die Bergbauindustrie demokratisiert

Cómo GoMining democratiza la industria minera

Comment GoMining démocratise l’industrie minière

गोमाइनिंग कैसे खनन उद्योग का लोकतंत्रीकरण करती है

GoMining はどのようにして鉱業を民主化するのか

GoMining이 광산업을 민주화하는 방법

Como GoMining democratiza a indústria de mineração

Как GoMining демократизирует горнодобывающую промышленность

GoMining Madencilik Sektörünü Nasıl Demokratikleştiriyor?

Cách GoMining dân chủ hóa ngành khai thác mỏ

GoMining 如何使采矿业民主化

The smart city is a new trend in the built environment that is expected to take hold in the coming years. Smart cities are cropping up worldwide, from Singapore and Oslo to Auckland and Amsterdam. New technologies such as information and communication technologies, artificial intelligence (AI) and the Internet of Things (IoT) are expected to revolutionize how cities manage their people and infrastructure. However, one concern emerging when it comes to smart cities is data protection and privacy. For smart cities to function, they must collect data. How will this pan out for citizens and is true data privacy achievable for smart cities? Defining Data Privacy Data privacy that prioritizes the proper collection, storage, handling, access, retention and security of data. It’s not a concept, but a set of practices or principles organizations and governments follow to safeguard personal data or personally identifiable information (PII). PII typically consists of social security numbers, credit card numbers, banking information and addresses. is an aspect of data protection The amount of data generated today is more than anyone could've ever imagined. It's almost incomprehensible how much data people create, whether from their laptops, smartphones, tablets or to get from place to place. even the vehicles they use How Smart Cities Leverage Data Imagine if the technology powering a smart home extended outside of the house — this is the core concept of a smart city. Smart cities use various technologies, including sensors, cameras and other hardware and software solutions. Some of the are: most common smart city-enabling technologies IoT AI Machine learning Computer vision (CV) Big data Smartphones 5G Blockchain Camera with facial recognition So, what can smart cities do with data gathered from these technologies? They can use the information to govern many processes, from waste management and air pollution to traffic congestion and littering. These technologies can often communicate with one another, allowing cities to benefit from an interconnected network and data coming through in real-time. Data Privacy Risks in a Smart City Smart cities offer plenty of opportunities to improve the quality of life for citizens. For example, cameras using CV may help reduce or even prevent crime. City governments can use blockchain technology to establish smart contracts with third parties. Major buildings can use IoT technology — such as RFID sensors — to implement access control. While these scenarios benefit smart cities, they also come with inherent risks. Since smart cities rely on collecting and analyzing information, this reliance creates data privacy threats. Surveillance Abuse Virtually everyone agrees government surveillance is something to avoid, even in today's digitally driven world. Smart city tech includes sensors and cameras that are so advanced they can monitor citizens' behavior, interactions with each other and movements. This may make citizens feel uncomfortable or that "Big Brother" is watching their every move. For example, the IoT is becoming , where surveillance is already common. Now, implementing IoT can allow retailers to collect data on how many shoppers are in their stores, their shopping behaviors, and any crucial patterns. While this may help retailers with marketing strategies, it could also easily make customers uncomfortable, driving them even farther away from brick-and-mortar stores. more popular in the retail sector Data Breaches and Cybersecurity Threats The cybersecurity landscape is evolving rapidly, with new threats emerging every day. If smart cities collect personal, biometric or financial data regarding their citizens, it could fall into the wrong hands if a data breach or cybersecurity incident occurs. If data breaches happen, instances of identity theft and other malicious acts against citizens could likely increase. Citizens may feel weary about the government collecting so much data about them and lose trust in the government's ability to protect their data if a data breach occurs. Data breaches are becoming more common and intense as hackers use sophisticated methods to launch attacks. Bias and Discrimination Stories about AI and facial recognition have emerged where the technologies falsely profile individuals based on race, behavior, personal attributes and other demographics. Unfortunately, bias is AI is trying to predict. These biases can perpetuate racial and economic inequities. This is a major issue smart city management would have to be aware of and address. often baked into the outcomes Lack of Transparency and Understanding Another risk smart cities must address is the lack of understanding citizens have regarding how local and national authorities collect their data, which data is considered PII and how the smart city uses it. Educating the public on the city's data and privacy practices is necessary for citizens to trust their city government. This could also make it challenging for cities to receive enough interest from investors looking to support smart initiatives. If cities cannot be transparent with citizens about their data practices, it could lead to an almost dystopian future. How Smart Cities Can Navigate Data Privacy A popular framework in the cybersecurity industry is privacy-by-design (PBD). The PBD framework is a proactive, transparent and user-centered approach to security. It can span across industries using digital technologies. Essentially, a PBD framework focuses on with inherent security protections and privacy measures. By default, these solutions help safeguard personal data and PII to ensure systems run smoothly, security posture is strong, and people can feel confident that their data is protected. designing hardware and software solutions Smart cities looking to protect their citizens' data further should already be using robust data protection measures and cybersecurity tools. However, they can also follow a PBD approach when implementing new technologies. Can Smart Cities Ever Fully Protect Personal Data? While smart cities offer a range of services to improve citizens' quality of life, some drawbacks come with leveraging the latest technologies. Not to mention, these detractors can cause locals not to want their city to go digital. Smart city managers and other stakeholders must determine if it's possible to maintain data privacy while implementing various smart city initiatives. It's still uncertain whether smart cities are a genuine risk to society. As more emerge worldwide, the answer will likely become more apparent. Ultimately, those managing smart cities must understand the seriousness of data privacy and cybersecurity.

Are Smart Cities a Threat to Data Privacy?

Cybersecurity is one of the world’s most pressing concerns at the moment. State departments, , healthcare providers, universities, and manufacturing facilities have all been hit hard by cybercrime actors. major corporations Crypto trading is no exception to the ongoing cybercrime epidemic, given the large rewards available for hackers. The early days of cryptocurrency were denoted by hacks of centralized exchanges (such as Mt. Gox), while phishing scams are a frequent occurrence to this day. Cryptocurrency is regarded as being safer and more secure than traditional currencies, but there are cybersecurity concerns to be addressed when trading, investing or storing these assets. The also highlights the hazards when dealing with third-party providers that don’t provide adequate safeguards for crypto trading. breakdown of FTX and Almeda Research Crypto Cybersecurity Safeguards If you are trading using your own account, then it's of the utmost importance to . Otherwise, if a hacker gains access to your account (through your username and password), all your trading funds are at risk. 2FA vastly decreases the chances of your crypto assets being compromised, but users are still reluctant to implement this simple feature. engage in Two Factor Authentication (2FA) Taking security precautions is also important, even when working with well-established providers. 3Commas, one of the largest names within the crypto trading bot industry, recently had over . 10,000 customer API keys stolen These API keys are used by automated bots to trade on exchanges, and an amount somewhere between $10 - $25 Million has been stolen from customers. While this is damaging to 3Commas, events like this highlight the necessity of improvements in API security, and it can serve as a wake-up call to the industry. All crypto bot providers use API keys to connect to exchanges, but there are different ways to prevent them from being leaked. , for instance, protects API keys in multiple ways. The trading provider offers advanced API protection, including encryption, the one API Key Rule, Countertrade Protection, API Key IP Whitelisting, and Fingerprinting. Other providers implement similar safeguards. Bitsgap The one API key rule is particularly effective because only one API can be used per account. It means the API can only be used on the platform. This might have helped 3Commas as the API keys would not have been used on a different account to siphon user funds. When a security breach occurs within Web3, other platforms can take note and increase their cybersecurity protocols - few companies are immune from relentless cybercrime groups. Additional Cybersecurity Safeguards For Crypto Trading is not as hard as it seems. Despite the many hacks and scams, it is often basic user error that causes the loss of funds. The following are simple yet effective safeguards for long-term crypto trading: Staying safe within the world of crypto trading A strong wallet for crypto assets, such as a hardware wallet. Make two secure copies of the wallet keyphrase. These can also be self-encrypted. Only trade a small percentage of your total crypto assets. This minimizes the total amount you can lose in the event of a security breach. Only work with regulated exchanges and third-party providers. They should have a long history and use the most robust security features. Enable 2FA on all accounts and all trades, as well as withdrawals. Avoid hype. Diversify your assets and take time to study and research the field of crypto trading. It might also be a good idea to keep abreast of the latest cybersecurity breaches and to understand the psychology of cybercrime. remain primary security concerns. People are often tricked into sending all of their crypto assets to a fraudulent address or voluntarily giving away their usernames, passwords, and private keys. Phishing scams and social engineering How Safe Are Third-Party Providers? The entire premise of cryptocurrency is based on the idea of direct ownership. In the case of , the original cryptocurrency servers are decentralized and anonymous, supporting the network. Every wallet has a unique identifier and private key known only to the owner. As long as the owner keeps this safe, the funds are completely under his or her control. Bitcoin As time went by, third parties started to enter the fray with custodian services. This had the benefit of convenience and increased efficiency. However, it also resulted in a reduction in security in certain instances. When people are eager to earn profits, cybersecurity often takes a back seat. Plus, anytime information is sent online, as opposed to stored locally, the risk of interference increases dramatically. The bottom line is that everybody has to use third-party providers for the purposes of trading and , as it increases operational efficiency. But it comes with a risk because your information is being sent online. investing in cryptocurrency So make sure to take advantage of all the safeguards the crypto platform has to offer. The simple implementation of 2FA can go a long way to securing your trading account, yet many fail to take the time (less than 2 minutes) to set it up. User error remains the number one concern in crypto cybersecurity by a very large margin.

Cybersecurity In Crypto Trading:  How To Protect Your Assets

If you’ve paid attention to the modern tech scene, you know that automation is coming. More and more automation technologies, including robotic process automation (RPA), artificial intelligence (AI) and machine learning (ML), are becoming a normal part of life. As automation plays a significant role across various industries, some workers are expressing concern over job security. Historically, American workers have suffered from worker displacement due to technological advances. Take your basic grocery store, for example. Self-checkout counters are the new norm, which was not always the case. Learn more about automation, its role in today’s workforce and whether it will have positive or negative implications for American workers. The Role of Automation Across Industries Automation is expected to grow at a rapid pace within the next few years. According to Precedence Research, the automation market by 2030. will hit $412.8 billion Industrial automation offers plenty of benefits for companies. Aside from the , automation also facilitates long-term benefits like accountability, profitability, consistency and flexibility. immediate benefits like higher efficiency Some of the top automation companies in the market are: Rockwell Automation ABB Honeywell Siemens Mitsubishi Electric These companies are sparking growth in the automation sector because they sell highly sought-after products and services for businesses in virtually every industry. The role of automation in the ever-changing business landscape will continue to grow and become more significant as automation technologies advance. How Automation Can Benefit Workers Change is inevitable. A common change many companies are undertaking is their digital transformations, including implementing automated solutions. However, workers in this day and age should focus their efforts on the benefits of automation and how it can transform their work lives. Below, explore some ways automation can benefit workers. 1. Increases Productivity First, automated tech can take over many mundane, repetitive tasks that workers typically do not enjoy doing in their roles. For example, RPA solutions are widely used in the manufacturing and warehousing industries, as they can complete repetitive tasks such as assembling products on an assembly line or packaging items for shipments. Automation technologies work best when they complement the work of human employees. Workers can benefit from easier workloads, improving productivity and job satisfaction. 2. Better, Safer Job Opportunities During and after the COVID-19 pandemic, proved that many Americans were because millions of people quit, moved to another industry, or stopped working altogether. With automation, new jobs will emerge, giving workers better opportunities to find jobs that suit their wants and needs. The Great Resignation unhappy with their jobs Additionally, many jobs will become inherently safer. Automated technologies can perform dangerous jobs for employers, eliminating the need for human employees to put themselves or their coworkers at risk of injury or fatality. 3. Reduces Employee Pain Points Another way workers benefit from automation is that these technologies often reduce pain points or friction while human employees are on the job. Take Chipotle as an example. The fast-casual dining company recently announced that it would implement an automated kitchen assistant called Chippy in some restaurants. The assistant is , a job previously performed by employees. Now, employees can focus on other tasks in the restaurant, such as taking care of customers’ orders, cleaning, being a cashier, or cooking different types of food. responsible for making tortilla chips Will Automation Lead to Worker Displacement? If you think about some of the most famous science fiction movies, like iRobot and Ex Machina, they often portray robots as self-aware beings capable of moving, thinking, and acting like humans or, worse — destroying the human race. One concern workers in the U.S. and around the world are starting to express in terms of automation is worker displacement. It’s commonly understood that robotics and automated machines can take over many of the core responsibilities workers must perform on the job. Suppose robotics and automated machines can complete tasks and work 24/7. What’s to say they won’t eliminate the need for companies to hire human employees? Ultimately, AI, automation and robotics solutions to work properly. This may require employees to reskill or upskill to remain marketable to employers. In other words, employees of the future might need to learn the ins and outs of computer science, data science, AI and other automation technologies if they want to pursue a career in these fields. will still need humans Automated technologies are expected to create new jobs across various industries, which can help offset potential cases of worker displacement. According to a report from the World Economic Forum, automation could but also add 97 million jobs, which has long-term benefits for the American workforce and economy. cause the removal of 85 million jobs Preparing for a Future Built Upon Automation While some degree of worker displacement may happen due to the rise of automation, it’s unlikely that all humans will lose their jobs. Experts suggest that automation works best when it’s working alongside humans instead of them. It’ll be interesting to see how the automation market continues on its path of growth, if more automation will require the reskilling or upskilling of workers, and in what ways the American workforce will benefit from automation.

Automation Isn’t Really a Bad Thing for Employees

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